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5 CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL 21.5 – Share-based payments Current stock option and stock grant plans The Board of Directors of <strong>Schneider</strong> <strong>Electric</strong> SA and later the Management Board have set up stock option and stock grant plans for senior executives and certain employees of the Group. The main features of these plans were as follows at December 31, 2011: Stock option plans Date of Board Type of Plan no. meeting plan (1) Number of Options cancelled Starting date options initially because targets not of exercise period Expiration date Price (in euros) granted met 18 Mar. 24, 2000 P Mar. 24, 2003 Mar. 23, 2008 32.62 2,842,400 1,373,200 19 April 4, 2001 S April 4, 2005 April 3, 2009 34.06 3,115,700 N/A (2) 20 Dec. 12, 2001 S Dec. 12, 2005 Dec. 11, 2009 25.63 3,200,000 333,600 21 Feb. 5, 2003 S Feb. 5, 2007 Feb. 4, 2011 22.60 4,000,000 283,800 22 Feb. 5, 2003 S June 5, 2003 Feb. 4, 2011 22.60 222,000 N/A (2) 23 May 6, 2004 S Oct. 1, 2004 May 5, 2012 27.77 214,000 N/A (2) 24 May 6, 2004 S May 6, 2008 May 5, 2012 27.77 4,121,400 188,600 25 May 12, 2005 S Oct. 1, 2005 May 11, 2013 28.23 277,000 N/A (2) 26 June 28, 2005 S June 28, 2009 June 27, 2013 30.09 4,007,600 - 27 Dec. 1, 2005 S Dec. 1, 2009 Nov. 30, 2013 35.70 3,229,800 - 28 Dec. 21, 2006 S or P Dec. 21, 2010 Dec. 20, 2016 40.67 2,514,240 - 29 April 23, 2007 S or P April 23, 2011 April 22, 2017 48.52 166,300 - 30 Dec. 19, 2007 S or P Dec. 19, 2011 Dec. 18, 2017 46.00 1,889,852 980,926 31 Jan. 5, 2009 S or P Jan. 5, 2013 Jan. 4, 2019 26.06 1,358,000 - 32 Aug. 21, 2009 S or P Aug. 21, 2013 Aug. 20, 2019 31.30 10,000 - 33 Dec. 21, 2009 S or P Dec. 21, 2013 Dec. 20, 2019 37.92 1,652,686 - TOTAL 32,820,978 3,160,126 (1) S = Options to subscribe new shares. P = Options to purchase existing shares. (2) Not applicable because no vesting conditions were set. Rules governing the stock option plans are as follows: • to exercise the option, the grantee must be an employee or corporate offi cer of the Group. Vesting is also conditional on the achievement of performance criteria; 184 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC • the options expire after eight to ten years; • the vesting period is three or four years in the United States and four years in the rest of the world.
Stock grants CONSOLIDATED FINANCIAL STATEMENTS NOTES TO THE CONSOLIDATED FINANCIAL Date of Board Number of shares Grants cancelled because Plan no. meeting Vesting Date Expiration Date granted originally targets not met 1 Dec. 21, 2006 Dec. 21, 2009 Dec. 21, 2011 104,012 - 2 April 23, 2007 April 23, 2010 April 23, 2012 4,428 - 3 Dec. 19, 2007 Dec. 19, 2010 Dec. 19, 2012 132,788 69,434 4 Dec. 19, 2007 Dec. 19, 2011 Dec. 19, 2011 114,500 58,176 5 Jan. 5, 2009 Jan. 5, 2012 Jan. 5, 2014 287,430 - 6 Jan. 5, 2009 Jan. 5, 2013 Jan. 5, 2013 424,702 - 7 Aug. 21, 2009 Aug. 21, 2012 Aug. 21, 2014 2,500 - 8 Dec. 21, 2009 Dec. 21, 2011 Dec. 21, 2013 319,506 - 9 Dec. 21, 2009 Dec. 21, 2013 Dec. 21, 2013 780,190 - 10 Dec. 17, 2010 Mar. 17, 2013 Mar. 17, 2015 665,524 - 11 Dec. 17, 2010 Dec. 17, 2014 Dec. 17, 2014 1,161,696 - 10 bis July 26, 2011 July 26, 2013 July 26, 2015 3,000 - 11 bis July 26, 2011 July 26, 2015 July 26, 2015 5,882 - 12 July 26, 2011 July 26, 2015 July 26, 2015 19,850 - 13 Dec. 16, 2011 Dec. 16, 2013 Dec. 16, 2015 645,443 - 14 Dec. 16, 2011 Dec. 16, 2015 Dec. 16, 2015 1,387,800 - TOTAL 6,059,851 127,610 Rules governing the stock grant plans are as follows: • to receive the stock, the grantee must be an employee or corporate offi cer of the Group. Vesting is also conditional on the achievement of performance criteria; Outstanding options and grants Change in the number of options • the vesting period is two to four years; • the lock-up period is zero to two years. Number of options Number of options outstanding exercised and/ or Number of options Plan no. Dec. 31, 2010 created in 2011 cancelled in 2011 (1) Number of options outstanding Dec. 31, 2011 21 88,452 (29,674) (58,778) - 22 12,940 (820) (12,120) - 23 30,332 (8,040) - 22,292 24 845,644 (274,254) - 571,390 25 58,940 (14,872) - 44,068 26 1,890,198 (234,952) (7,676) 1,647,570 27 2,168,392 (265,750) (3,232) 1,899,410 28 2,105,646 (291,794) (13,130) 1,800,722 29 152,300 - (8,000) 144,300 30 882,440 - (40,480) 841,960 31 1,286,900 - (33,600) 1,253,300 32 10,000 - - 10,000 33 1,646,086 - (21,450) 1,624,636 TOTAL 11,178,270 (1,120,156) (198,466) 9,859,648 (1) Including potential cancellations due to targets not being met or options being granted to employes without being exercised. 2011 REGISTRATION DOCUMENT SCHNEIDER ELECTRIC 185 5
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Registration Document 2011 Financia
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Registration Document Financial and
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distinctions that are both an achie
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Interview with Schneider Electric r
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Supervisory Board (as of February 2
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Sales by geography 18% Rest of the
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2011 in brief Growth and acquisitio
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and IT managers will now be able to
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1 Description of the Group, and its
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1.3 The emergence of sustainable ci
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DESCRIPTION OF THE GROUP, AND ITS S
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2. Leader in an industry of the fut
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Specifiers: in search of efficient
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These procedures include quarterly
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The Group may be exposed to the ris
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• in North America, a captive ins
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2 Sustainable development 1. Sustai
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2 SUSTAINABLE DEVELOPMENT 106 REGIS
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3 SUPERVISORY CORPORATE GOVERNANCE
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3 CORPORATE GOVERNANCE ORGANISATION
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6 COMPANY FINANCIAL STATEMENTS SUBS
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7 GENERAL GENERAL PRESENTATION OF S
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7 GENERAL PRESENTATION OF SCHNEIDER
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8 MANAGEMENT ANNUAL AND EXTRAORDINA
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274 PERSONS RESPONSIBLE FOR THE REG
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